April 27, 2009 by Joe Ponzio

In general, there are four main factors that affect commodities prices: Supply & Demand Inventories & Stocks Currency Inflation Let’s go down the list to best understand their harmony. We’ll start in a tiny, isolated town of farmers and families.

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April 27, 2009 by Joe Ponzio

Mention the word “commodities” and one of three images usually pops into mind. Some people immediately think of Trading Places, of Louis Winthorpe and Billy Ray Valentine cornering the orange juice market and issuing a false crop report to the Duke Brothers, leaving the Dukes high, dry, and utterly broke.…

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April 5, 2009 by Joe Ponzio

I appreciate your patience with the lack of posts here on F Wall Street. As you may have noticed from this comment, I had the honor of being invited to speak to the MBA students at Howard University in Washington DC on March 13th. I’m working on getting the video…

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March 8, 2009 by Joe Ponzio

Let me continue this economic discussion, though I also have to get back to a few other topics as well. There is a lot of chatter as to whether we are in a recession or depression. Since November of 2007, Wall Street has been calling bottoms to this market, first…

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March 3, 2009 by Joe Ponzio

In December of 2007, as Apple was approaching $200 a share, you couldn’t say a word about it for fear of backlash from the Apple investment community that insisted it was going to $600 a share. Today, Nouriel Roubini and Peter Schiff are considered gods for predicting the economic turmoil,…

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February 18, 2009 by Joe Ponzio

In its recent end-of-quarter filing, Berkshire Hathaway reduced its stake in Johnson & Johnson by 54%. As is often the case, the media automatically assumed that Buffett turned sour on Johnson & Johnson and was dumping the stock. Before you run off and sell 50% of your JNJ stake because…

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February 11, 2009 by Joe Ponzio

This is a continuation of Wells Fargo and Wachovia Together It’s the first quarter of 2008 and the proverbial you-know-what is hitting the fan. The credit crisis has begun; the recession has started; Bear Stearns will be a distant memory by the end of the quarter. Wellsovia sets aside $4.86…

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February 11, 2009 by Joe Ponzio

So, I bought a bank. I know…I know. I said I wouldn’t. Then again, that was a year or two ago, when I couldn’t understand what the hell these guys were doing to make money. CDOs. Sub-prime mortgages. I would try to read the annual reports, and they would make…

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February 2, 2009 by Joe Ponzio

Folks-F Wall Street, the book, is now available for preorder online at Amazon.com and Borders.com. (Barnes & Noble isn’t listing it just yet.) Needless to say, I’m excited! Amazon.com is listing it at $10.85, a discount to the full price when the final release comes out on June 9, 2009.…

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January 28, 2009 by Joe Ponzio

The other day, I said that I had purchased Wells Fargo to the tune of 10% of the F Wall Street portfolio. As it continued to sink, I made another purchase in the $16s to bring the total Wells Fargo investment back up to 10% of the portfolio’s assets. The…

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